Integrated Workplace Management System (IWMS) software represents a combination of five separate modules (1) Property Management, (2) Facility and Space Management, (3) Maintenance Management, (4) Sustainability and Energy Management, and (5) Technology Management. Each software module addresses specific functions powered by Internet of Things (IoT) technologies, as well as Artificial Intelligence (AI), 3D Visualization, and Data Analytics. IWMS solutions as a whole typically include software as well as related services such as network and system integration, professional services, predictive analysis, and more.

With IWMS solutions, enterprise organizations are able to optimize asset utilization, energy consumption, technology deployment, building and infrastructure efficiency, and overall workplace productivity to gain substantial savings in CAPEX and OPEX. Integration of IoT and AI is accelerating the transformation from software-driven to service-centered automation with the added benefit of generating positive return on assets for enterprise. Deployment of IWMS solutions is anticipated to provide the following benefits for the typical enterprise:

Mind Commerce sees the confluence of AI and IoT (AIoT) having a particularly large positive impact on the IWMS solutions market. AIoT will make IWMS solutions more effective and efficient as well as ease the transition towards a less human-intensive workforce. The smart workplace will leverage AIoT for both autonomous decision making as well as collaborative human-machine oriented cognitive computing approaches. This will manifest in an AIoT embedded IWMS solution market that will reach $2.8B globally by 2024.

This report provides a multi-dimensional view of the IWMS market including analysis of software solutions and service providers, evaluation of key technologies, assessment of current market trends, and outlook for future business opportunities. The report also provides detailed quantitative analysis and forecasts including:

• AIoT embedded IWMS solution market will reach $2.8B globally by 2024
• The aggregate global IWMS market will exceed $11.5B by 2024, led by NA
• On-premise North America solutions will surpass $2.4B by 2024 (22.9% CAGR)
• More than 80% of IWMS software will have AI embedded capabilities by 2023
• Up to 55% of the IWMS software market will be driven by IoT industry by 2024